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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Gentherm Inc (THRM). Click either name above to swap in a different company.

Gentherm Inc is the larger business by last-quarter revenue ($382.8M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 0.8%, a 37.8% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 8.5%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 3.7%).

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

FRT vs THRM — Head-to-Head

Bigger by revenue
THRM
THRM
1.1× larger
THRM
$382.8M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+0.2% gap
FRT
8.7%
8.5%
THRM
Higher net margin
FRT
FRT
37.8% more per $
FRT
38.6%
0.8%
THRM
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
3.7%
THRM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
THRM
THRM
Revenue
$336.0M
$382.8M
Net Profit
$129.7M
$3.0M
Gross Margin
23.7%
Operating Margin
53.8%
4.6%
Net Margin
38.6%
0.8%
Revenue YoY
8.7%
8.5%
Net Profit YoY
103.5%
-80.5%
EPS (diluted)
$1.49
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FRT
FRT
THRM
THRM
Q1 26
$336.0M
Q4 25
$336.0M
$382.8M
Q3 25
$322.3M
$386.9M
Q2 25
$311.5M
$375.1M
Q1 25
$309.2M
$353.9M
Q4 24
$311.4M
$352.9M
Q3 24
$303.6M
$371.5M
Q2 24
$296.1M
$375.7M
Net Profit
FRT
FRT
THRM
THRM
Q1 26
$129.7M
Q4 25
$129.7M
$3.0M
Q3 25
$61.6M
$14.9M
Q2 25
$155.9M
$477.0K
Q1 25
$63.8M
$-128.0K
Q4 24
$65.5M
$15.3M
Q3 24
$61.0M
$16.0M
Q2 24
$112.0M
$18.9M
Gross Margin
FRT
FRT
THRM
THRM
Q1 26
Q4 25
23.7%
Q3 25
24.6%
Q2 25
23.9%
Q1 25
24.4%
Q4 24
24.4%
Q3 24
25.5%
Q2 24
25.7%
Operating Margin
FRT
FRT
THRM
THRM
Q1 26
53.8%
Q4 25
53.8%
4.6%
Q3 25
34.3%
6.2%
Q2 25
65.1%
6.4%
Q1 25
35.0%
4.8%
Q4 24
35.1%
6.7%
Q3 24
34.9%
8.7%
Q2 24
53.0%
8.8%
Net Margin
FRT
FRT
THRM
THRM
Q1 26
38.6%
Q4 25
38.6%
0.8%
Q3 25
19.1%
3.9%
Q2 25
50.0%
0.1%
Q1 25
20.6%
-0.0%
Q4 24
21.0%
4.3%
Q3 24
20.1%
4.3%
Q2 24
37.8%
5.0%
EPS (diluted)
FRT
FRT
THRM
THRM
Q1 26
$1.49
Q4 25
$1.49
$0.08
Q3 25
$0.69
$0.49
Q2 25
$1.78
$0.02
Q1 25
$0.72
$0.00
Q4 24
$0.74
$0.48
Q3 24
$0.70
$0.51
Q2 24
$1.32
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRT
FRT
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$107.4M
$160.8M
Total DebtLower is stronger
$5.0B
$189.0M
Stockholders' EquityBook value
$3.2B
$720.3M
Total Assets
$9.1B
$1.4B
Debt / EquityLower = less leverage
1.53×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
THRM
THRM
Q1 26
$107.4M
Q4 25
$107.4M
$160.8M
Q3 25
$111.3M
$154.3M
Q2 25
$177.0M
$128.3M
Q1 25
$109.2M
$163.1M
Q4 24
$123.4M
$134.1M
Q3 24
$97.0M
$150.6M
Q2 24
$103.2M
$123.5M
Total Debt
FRT
FRT
THRM
THRM
Q1 26
$5.0B
Q4 25
$5.0B
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$4.5B
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Stockholders' Equity
FRT
FRT
THRM
THRM
Q1 26
$3.2B
Q4 25
$3.2B
$720.3M
Q3 25
$3.2B
$717.9M
Q2 25
$3.2B
$699.7M
Q1 25
$3.2B
$646.5M
Q4 24
$3.2B
$616.9M
Q3 24
$3.1B
$660.7M
Q2 24
$3.0B
$640.3M
Total Assets
FRT
FRT
THRM
THRM
Q1 26
$9.1B
Q4 25
$9.1B
$1.4B
Q3 25
$8.9B
$1.4B
Q2 25
$8.6B
$1.4B
Q1 25
$8.6B
$1.3B
Q4 24
$8.5B
$1.2B
Q3 24
$8.5B
$1.3B
Q2 24
$8.4B
$1.2B
Debt / Equity
FRT
FRT
THRM
THRM
Q1 26
1.53×
Q4 25
1.53×
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
1.42×
0.36×
Q3 24
0.34×
Q2 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRT
FRT
THRM
THRM
Operating Cash FlowLast quarter
$29.0M
Free Cash FlowOCF − Capex
$6.7M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
THRM
THRM
Q1 26
Q4 25
$622.4M
$29.0M
Q3 25
$147.8M
$56.1M
Q2 25
$150.7M
$45.0M
Q1 25
$179.0M
$-13.3M
Q4 24
$574.6M
$36.6M
Q3 24
$144.1M
$46.3M
Q2 24
$169.7M
$37.1M
Free Cash Flow
FRT
FRT
THRM
THRM
Q1 26
Q4 25
$6.7M
Q3 25
$46.5M
Q2 25
$36.2M
Q1 25
$-28.2M
Q4 24
$13.6M
Q3 24
$26.6M
Q2 24
$17.8M
FCF Margin
FRT
FRT
THRM
THRM
Q1 26
Q4 25
1.7%
Q3 25
12.0%
Q2 25
9.6%
Q1 25
-8.0%
Q4 24
3.9%
Q3 24
7.2%
Q2 24
4.7%
Capex Intensity
FRT
FRT
THRM
THRM
Q1 26
Q4 25
5.8%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
4.2%
Q4 24
6.5%
Q3 24
5.3%
Q2 24
5.2%
Cash Conversion
FRT
FRT
THRM
THRM
Q1 26
Q4 25
4.80×
9.70×
Q3 25
2.40×
3.75×
Q2 25
0.97×
94.43×
Q1 25
2.81×
Q4 24
8.77×
2.39×
Q3 24
2.36×
2.90×
Q2 24
1.52×
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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